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AusCann raises $12m

AusCann Group Holdings has confirmed a $12 million capital raising to fund the development and manufacture of medical cannabis products in Australia.

AusCann told the markets today it had raised the funds through the placement of 24 million shares at 50 cents each, representing a 16 per cent discount to its five-day volume-weighted average price.

The proceeds of the raising will be used to further develop its cultivation facility in Western Australia, and progress activities in Chile with its joint venture partner DayaCann.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/05/17

1 year TSR5 year TSR
thDreamscape Networks0%0%
3rdAusCann Group Holdings2746%106%
135thBotanix Pharmaceuticals75%28%
709thBARD1 Life Sciences-54%-32%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/05/17
$0 Other
10/05/17
$0 Issued
10/05/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

193rd-AusCann Group Holdings$0
194th-BARD1 Life Sciences$0
195th-Botanix Pharmaceuticals$0
197th-De.Mem$0
198th-Dreamscape Networks$0
230 listed industrial companies ranked by revenue.
Source: Morningstar

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